Real Estate Development Manager

Job Description

Job Description

Africatown Community Land Trust (ACLT) seeks a Real Estate Development Manager to lead the efforts of ACLT and land acquisition and property development in confidential real estate transactions. The position is responsible for developing and carrying out the annual work plan for new project development requiring legal, finance, site assessment, and land use proficiency.

ABOUT US

Africatown Community Land Trust is working for community ownership of land in the Central District. This can support the cultural and economic thriving of people who are part of the African diaspora in the Greater Seattle area. The Africatown Community Land Trust board is comprised of real estate professionals, business executives, entrepreneurs, business professionals, and long-time community members from the Central District.

MISSION

To acquire, develop, and steward land in Greater Seattle to empower & preserve the

Black Community.

VISION

Vibrant and thriving black communities through land ownership.

ABOUT THE POSITION

This position will support ACLT's Real Estate Development Director in all aspects of the legal, financial, and project management development process, including redevelopment, feasibility analysis, acquisitions, financing, construction, and other development-related activities.

The Real Estate Development Manager serves as part of ACLT's Leadership Team. The successful candidate must work effectively with employees across the organization.

Typical duties may include :

• Oversee front-end development efforts, including solicitations and awards of contracts for third-party consultants related to pre-development site assessments and entitlement review.
• Review documents to secure site control, including Purchase and Sale Agreements, Leases, and Addenda.
• Negotiate in confidential transactions price adjustments and revisions, taking account of site studies, feasibility reports, and unexpected discoveries that impact price and cost of development.
• Maintain communication with the CEO, Real Estate Director, and team members where appropriate during the design, development, and hand-off projects post-construction.
• Serve as an in-house resource to all staff, the CEO, the Board of Directors on board resolutions, legal document review, and new development loan documents, including but not limited to Covenants and Restrictions, Tax Exemptions, UCC Searches, lawsuits, and claims.
• Interface competently with ACLT outside counsel in three significant areas : loan closings, land use disputes, and project documentation.
• Complete other tasks as assigned or needed.

MINIMUM QUALIFICATIONS

DESIRED QUALIFICATIONS

TO BE CONSIDERED

What is your understanding of low-income housing tax credits?

Incomplete application material will not be considered.

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